www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Potential Petrox purchase expires http://www.upstreamonline.com/live/1381466/Potential-Petrox-purchase-expires Canadian junior Petrox Resources said a letter of intent to buy producing oil and gas properties in Alberta for C$77.5 million had expired. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381466/Potential-Petrox-purchase-expires Fri, 24 Oct 2014 22:20:02 +0000 live US crude futures slide http://www.upstreamonline.com/live/1381465/US-crude-futures-slide Brent oil prices fell on Friday but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a US contango structure threatened deeper losses. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381465/US-crude-futures-slide Fri, 24 Oct 2014 22:09:49 +0000 live Halliburton urges judge not to grant BP retrial http://www.upstreamonline.com/live/1381454/Halliburton-urges-judge-not-to-grant-BP-retrial Halliburton has urged the judge overseeing the US' case against BP in the Macondo penalty phase to not give the UK supermajor a new trial as requested, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381454/Halliburton-urges-judge-not-to-grant-BP-retrial Fri, 24 Oct 2014 19:42:14 +0000 live Eagle Ford spreads wings to the east http://www.upstreamonline.com/live/1381450/Eagle-Ford-spreads-wings-to-the-east The prolific Eagle Ford shale in the US might get a lot bigger now that operators say they have successfully proved up a large eastern extension of the formation that was once thought uneconomic. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381450/Eagle-Ford-spreads-wings-to-the-east Fri, 24 Oct 2014 18:35:38 +0000 live US rig count rises by nine http://www.upstreamonline.com/live/1381449/US-rig-count-rises-by-nine The number of rigs drilling for oil and gas in the US rose by nine this week to total 1927, according to data from Houston-based services giant Baker Hughes. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381449/US-rig-count-rises-by-nine Fri, 24 Oct 2014 17:51:43 +0000 live Apollo snaps up Express Energy Services http://www.upstreamonline.com/live/article1381443.ece Private equity giant Apollo Global Management has snapped up privately held Express Energy Services. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1381443.ece Fri, 24 Oct 2014 16:29:00 +0000 live Pemex widens third-quarter loss http://www.upstreamonline.com/live/1381440/Pemex-widens-third-quarter-loss Pemex saw a sharp bite to results on falling crude prices, but executives maintained that projects in Mexico would continue to be attractive as the country opens its oil sector to private participation. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381440/Pemex-widens-third-quarter-loss Fri, 24 Oct 2014 16:20:28 +0000 live Vaalco doubles up Angola commitment http://www.upstreamonline.com/live/1381441/Vaalco-doubles-up-Angola-commitment Africa-focused Vaalco Energy has agreed to drill at least two additional wells in Block 5 off Angola, a decision the Houston-based company took in order to ensure its rights to the concession do not expire next month. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381441/Vaalco-doubles-up-Angola-commitment Fri, 24 Oct 2014 16:19:10 +0000 live Spain fights Canaries referendum http://www.upstreamonline.com/live/1381431/Spain-fights-Canaries-referendum Madrid government appeals against planned vote on Repsol’s impending offshore drilling plans Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381431/Spain-fights-Canaries-referendum Fri, 24 Oct 2014 14:59:54 +0000 live Sanctions 'not relevant' for RWE Dea deal http://www.upstreamonline.com/live/1381429/Sanctions-not-relevant-for-RWE-Dea-deal Norway’s oil minister has defended the authorities’ decision to allow RWE Dea to retain its licences off the country after its pending takeover by Russian tycoon Mikhail Fridman’s LetterOne group, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381429/Sanctions-not-relevant-for-RWE-Dea-deal Fri, 24 Oct 2014 14:28:27 +0000 live Butch 'still a goer' for Centrica http://www.upstreamonline.com/live/1381419/Butch-still-a-goer-for-Centrica Centrica is reported to be screening four possible development options for its Butch Main discovery off Norway, despite disappointing appraisal drilling results. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381419/Butch-still-a-goer-for-Centrica Fri, 24 Oct 2014 14:00:13 +0000 live Petrobas finds Lontra gas pay http://www.upstreamonline.com/live/1381410/Petrobas-finds-Lontra-gas-pay Brazil’s Petrobras has discovered gas with its latest well in the deep-water post-salt of the Espirito Santo basin. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381410/Petrobas-finds-Lontra-gas-pay Fri, 24 Oct 2014 13:39:21 +0000 live 'Swords drawn' at Noreco http://www.upstreamonline.com/live/1381404/Swords-drawn-at-Noreco The stage is reportedly set for a boardroom battle for control at Noreco as financial troubles mount at the cash-strapped Norwegian minnow. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381404/Swords-drawn-at-Noreco Fri, 24 Oct 2014 12:34:25 +0000 live WoodMac: ‘US energy independent by 2025' http://www.upstreamonline.com/live/1381386/WoodMac-‘US-energy-independent-by-2025 The US is on course to be energy independent by 2025 and could be producing more than 13 million barrels of oil per day five years after that if the right technologies are applied, according to a report from Wood Mackenzie. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381386/WoodMac-‘US-energy-independent-by-2025 Fri, 24 Oct 2014 11:58:33 +0000 live De Beers order sparkles for Kleven http://www.upstreamonline.com/live/1381378/De-Beers-order-sparkles-for-Kleven Norwegian yard group Kleven has unearthed a gem of a contract from diamond giant De Beers to build a first-of-kind offshore vessel to hunt for underwater minerals. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381378/De-Beers-order-sparkles-for-Kleven Fri, 24 Oct 2014 11:07:58 +0000 live Statoil charts Hansteen spin-offs http://www.upstreamonline.com/live/1381363/Statoil-charts-Hansteen-spin-offs Academic bodies to map economic ripple effects of Norwegian Sea field Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381363/Statoil-charts-Hansteen-spin-offs Fri, 24 Oct 2014 10:17:44 +0000 live Four face off for Chevron's Captain award http://www.upstreamonline.com/live/1381357/Four-face-off-for-Chevrons-Captain-award Up to four engineering firms are understood to be competing for a prized front-end engineering and design contract as Chevron considers moving forward with its Captain enhanced oil recovery (EOR) project in the UK North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381357/Four-face-off-for-Chevrons-Captain-award Fri, 24 Oct 2014 09:57:20 +0000 live Ross Offshore lands Norway transport contract http://www.upstreamonline.com/live/1381353/Ross-Offshore-lands-Norway-transport-contract Exploration duo Lundin Petroleum and Det Norske has hired Ross Offshore for a collaborative transport project off Norway. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381353/Ross-Offshore-lands-Norway-transport-contract Fri, 24 Oct 2014 09:48:58 +0000 live Statoil bags new Oz award http://www.upstreamonline.com/live/1381336/Statoil-bags-new-Oz-award Statoil is expanding its footprint in Australia after being awarded operatorship of a large exploration permit in the prolific Carnarvon basin on the country’s North West Shelf. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381336/Statoil-bags-new-Oz-award Fri, 24 Oct 2014 08:37:44 +0000 live CNOOC 'eyes Barents seismic' http://www.upstreamonline.com/live/1381334/CNOOC-eyes-Barents-seismic China National Offshore Oil Corporation(CNOOC) is reportedly looking to acquire seismic data acquired across frontier Arctic acreage to be offered in Norway’s upcoming 23rd licensing round. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381334/CNOOC-eyes-Barents-seismic Fri, 24 Oct 2014 08:27:46 +0000 live Sechin: ‘Rosneft to press ahead in Arctic’ http://www.upstreamonline.com/live/1381333/Sechin-‘Rosneft-to-press-ahead-in-Arctic’ Rosneft chairman Igor Sechin has insisted the Russian oil giant will not quit its Arctic drilling operations despite sanctions from Western powers putting pressure on relationships with exploration partners, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381333/Sechin-‘Rosneft-to-press-ahead-in-Arctic’ Fri, 24 Oct 2014 08:23:29 +0000 live Impact nets offshore Africa block http://www.upstreamonline.com/live/1381205/Impact-nets-offshore-Africa-block UK junior Impact Oil & Gas has won another block off West Africa, this time scooping acreage in the Senegal/Guinea-Bissau Joint Development Zone. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381205/Impact-nets-offshore-Africa-block Fri, 24 Oct 2014 07:39:43 +0000 live UK's Horse Hill-1 hits oil http://www.upstreamonline.com/live/1381204/UKs-Horse-Hill-1-hits-oil An Angus Energy-led venture has hit an oil accumulation at its Horse Hill-1 well in the UK’s onshore Weald basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381204/UKs-Horse-Hill-1-hits-oil Fri, 24 Oct 2014 07:21:13 +0000 live Ophir adds to Gabon acreage http://www.upstreamonline.com/live/1381203/Ophir-adds-to-Gabon-acreage Africa-focused Ophir Energy has extended its acreage position offshore Gabon, signing exploration and production sharing contracts for two more blocks in the area. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381203/Ophir-adds-to-Gabon-acreage Fri, 24 Oct 2014 06:55:11 +0000 live Oil dips on NY Ebola news http://www.upstreamonline.com/live/1381201/Oil-dips-on-NY-Ebola-news Brent reversed sharp overnight gains and fell towards $86 a barrel on Friday as investors' risk appetite took a hit from news that a doctor in New York City tested positive for Ebola. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381201/Oil-dips-on-NY-Ebola-news Fri, 24 Oct 2014 04:36:27 +0000 live Ezra bags $70m in new work http://www.upstreamonline.com/live/1381200/Ezra-bags-70m-in-new-work The subsea services division of Ezra Holdings has landed several contracts in the US Gulf of Mexico and the Asia Pacific region worth a combined $70 million. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381200/Ezra-bags-70m-in-new-work Fri, 24 Oct 2014 02:10:14 +0000 live Ezra sees revenues rise http://www.upstreamonline.com/live/1381199/Ezra-sees-revenues-rise Singapore's Ezra Holdings saw profits fall over the recent financial year, however gross profits were up following an 18% rise in revenue. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381199/Ezra-sees-revenues-rise Fri, 24 Oct 2014 01:38:09 +0000 live AusTex signs Oklahoma gas deal http://www.upstreamonline.com/live/1381198/AusTex-signs-Oklahoma-gas-deal Australia-listed AusTex has signed two gas-gathering contracts concerning Area Two and Area Three at the Snake River project in Oklahoma. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381198/AusTex-signs-Oklahoma-gas-deal Fri, 24 Oct 2014 01:21:15 +0000 live Karoon nearing Santos spud http://www.upstreamonline.com/live/1381196/Karoon-nearing-Santos-spud Karoon Gas Australia is closing in on the spudding of an appraisal well on the Kangaroo discovery, off Brazil, following the handover of the drilling rig. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381196/Karoon-nearing-Santos-spud Fri, 24 Oct 2014 00:04:58 +0000 live Apache tips WA FPSO http://www.upstreamonline.com/live/1381195/Apache-tips-WA-FPSO The merits of a floating production, storage and offloading vessel are already being touted for Apache’s recent Phoenix South oil discovery off Western Australia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381195/Apache-tips-WA-FPSO Thu, 23 Oct 2014 23:48:29 +0000 live Riverstone swoops for Proserv http://www.upstreamonline.com/live/1381193/Riverstone-swoops-for-Proserv Private equity player Riverstone Global Energy has signed a takeover deal with UK services player Proserv Group for an undisclosed sum, the financial company said. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381193/Riverstone-swoops-for-Proserv Thu, 23 Oct 2014 23:07:04 +0000 live Sempra breaks ground in Cameron LNG http://www.upstreamonline.com/live/1381192/Sempra-breaks-ground-in-Cameron-LNG The consortium behind the Cameron LNG liquefaction project in Louisiana has broken ground on the $10 billion facility. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381192/Sempra-breaks-ground-in-Cameron-LNG Thu, 23 Oct 2014 22:13:11 +0000 live BG veteran launches Houston LNG start-up http://www.upstreamonline.com/live/1381186/BG-veteran-launches-Houston-LNG-start-up The former chief operating officer of BG Group, known as an architect of that company's liquefied natural gas business, has launched an LNG start-up in Houston after retiring from the British gas giant. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381186/BG-veteran-launches-Houston-LNG-start-up Thu, 23 Oct 2014 21:48:10 +0000 live Three killed on Socar platform - report http://www.upstreamonline.com/live/1381175/Three-killed-on-Socar-platform---report Three workers were killed and one is still missing after an accident at an offshore oil and gas platform in the Caspian Sea in Azerbaijan, according to a report. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381175/Three-killed-on-Socar-platform---report Thu, 23 Oct 2014 19:48:46 +0000 live Llog makes new US Gulf discovery http://www.upstreamonline.com/live/1381172/Llog-makes-new-US-Gulf-discovery Privately held Llog Exploration has made another discovery at its Animal House-themed cluster of fields that will tie back to the Delta House semi-submersible production facility, which has been successfully installed in the deep-water Gulf of Mexico. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1381172/Llog-makes-new-US-Gulf-discovery Thu, 23 Oct 2014 19:33:50 +0000 live Norway contract 'fest before fall' http://www.upstreamonline.com/live/1381136/Norway-contract-fest-before-fall Norwegian contractors achieved record international turnover of Nkr206 billion ($31.3 billion) last year, driven largely by deliveries of equipment to Asian yards, but project cutbacks by operators are set to spoil the party, according to a new report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381136/Norway-contract-fest-before-fall Thu, 23 Oct 2014 14:46:36 +0000 live Russia arrests Vnukovo staff over deadly crash http://www.upstreamonline.com/live/1381134/Russia-arrests-Vnukovo-staff-over-deadly-crash Russian authorities on Thursday arrested four employees of the airport where Total chief executive Christophe de Margerie was killed in a plane crash earlier this week. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381134/Russia-arrests-Vnukovo-staff-over-deadly-crash Thu, 23 Oct 2014 14:41:09 +0000 live Brent nears $86 on Saudi data http://www.upstreamonline.com/live/1381012/Brent-nears-86-on-Saudi-data Brent crude oil rose to nearly $86 on Thursday after news that Saudi Arabia cut its supply to the market in September, even though its overall production grew month-on-month. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381012/Brent-nears-86-on-Saudi-data Thu, 23 Oct 2014 14:11:00 +0000 live Reach grabs Eidesvik ROV job http://www.upstreamonline.com/live/1381105/Reach-grabs-Eidesvik-ROV-job Reach Subsea has secured a three-year deal with Eidesvik Offshore to provide remote-operated vehicle services for a newbuild subsea construction vessel. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381105/Reach-grabs-Eidesvik-ROV-job Thu, 23 Oct 2014 13:25:26 +0000 live FX hires Bilfinger for Tuchola development http://www.upstreamonline.com/live/1381095/FX-hires-Bilfinger-for-Tuchola-development US independent FX Energy has hired a local unit of Germany's Bilfinger Group to build a gas processing facility for its Tuchola conventional gas field in northern Poland. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381095/FX-hires-Bilfinger-for-Tuchola-development Thu, 23 Oct 2014 13:15:06 +0000 live Chevron, BP in US deep-water oil find http://www.upstreamonline.com/live/1381096/Chevron-BP-in-US-deep-water-oil-find Chevron and block partner BP have unearthed a "significant" amount of net oil pay at their latest wildcat in the US Gulf of Mexico. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381096/Chevron-BP-in-US-deep-water-oil-find Thu, 23 Oct 2014 13:09:33 +0000 live Petrolia inks Anticosti development deal http://www.upstreamonline.com/live/1381093/Petrolia-inks-Anticosti-development-deal A joint venture operated by French-Canadian junior Petrolia has signed an agreement with domestic utility Gaz Metro covering development of natural gas resources on Quebec’s Anticosti Island. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381093/Petrolia-inks-Anticosti-development-deal Thu, 23 Oct 2014 12:56:55 +0000 live Hercules stacks units on weak markets http://www.upstreamonline.com/live/1381090/Hercules-stacks-units-on-weak-markets Weak markets, particularly in the US Gulf of Mexico and West Africa, are forcing Hercules Offshore to stack a number of rigs, booking an impairment in the process. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381090/Hercules-stacks-units-on-weak-markets Thu, 23 Oct 2014 12:27:18 +0000 live Earnings drop for Oxy http://www.upstreamonline.com/live/1381087/Earnings-drop-for-Oxy Falling oil prices offset a boost in crude output to severely dent third-quarter profits for US independent Occidental Petroleum. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381087/Earnings-drop-for-Oxy Thu, 23 Oct 2014 12:17:27 +0000 live Cameron aims for record profit http://www.upstreamonline.com/live/1381085/Cameron-aims-for-record-profit US contractor pushes for high full-year earnings as third quarter brings more revenues Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381085/Cameron-aims-for-record-profit Thu, 23 Oct 2014 12:09:48 +0000 live Revenue surges for Siem http://www.upstreamonline.com/live/1381082/Revenue-surges-for-Siem Siem Offshore boosted profit in the third quarter on higher revenue due to strong utilisation for a large part of its 44-vessel fleet. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381082/Revenue-surges-for-Siem Thu, 23 Oct 2014 12:00:31 +0000 live Husky Energy ramps up Q3 earnings http://www.upstreamonline.com/live/1381076/Husky-Energy-ramps-up-Q3-earnings Canada’s Husky Energy has raised net earnings by 11.5% to $571 million in the third quarter as higher upstream production and downstream throughput increased profits. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381076/Husky-Energy-ramps-up-Q3-earnings Thu, 23 Oct 2014 11:50:52 +0000 live Penn West in $316m asset sale http://www.upstreamonline.com/live/1381060/Penn-West-in-316m-asset-sale Penn West Petroleum is selling a number of non-core assets in Canada to a mystery company for around $316 million. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381060/Penn-West-in-316m-asset-sale Thu, 23 Oct 2014 10:58:23 +0000 live Cenovus profit slips 4% in Q3 http://www.upstreamonline.com/live/1381055/Cenovus-profit-slips-4-in-Q3 Canadian oil sands player Cenovus saw net profit slip by 4% to $354 million in the third quarter compared to the same period last year despite higher production as lower refining earnings and lower oil prices ate into increased cash flow. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381055/Cenovus-profit-slips-4-in-Q3 Thu, 23 Oct 2014 10:45:25 +0000 live Hess takes Diamond newbuilds http://www.upstreamonline.com/live/1381052/Hess-takes-Diamond-newbuilds Diamond Offshore Drilling has won long-term rig charter contracts from US independent Hess for a pair of newbuild drillships. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381052/Hess-takes-Diamond-newbuilds Thu, 23 Oct 2014 10:29:49 +0000 live Safe Bristolia in for repairs http://www.upstreamonline.com/live/1381045/Safe-Bristolia-in-for-repairs Norway’s Bergen Group has secured repair work on Prosafe’s flotel Safe Bristolia after it was damaged in a storm. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381045/Safe-Bristolia-in-for-repairs Thu, 23 Oct 2014 09:20:14 +0000 live Baron eyes Peru deep well http://www.upstreamonline.com/live/1381034/Baron-eyes-Peru-deep-well UK-listed minnow Baron Oil has gained approval to enter the drilling phase of its offshore acreage in Peru as well as extra time to secure a deep-water drillship to explore the block. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1381034/Baron-eyes-Peru-deep-well Thu, 23 Oct 2014 08:38:42 +0000 live TGS steadies seismic ship http://www.upstreamonline.com/live/1381030/TGS-steadies-seismic-ship Norwegian seismic player TGS weathered a weaker market in the third quarter as it recorded only a slight drop in profit on relatively stable revenue, while also boosting its contract backlog. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381030/TGS-steadies-seismic-ship Thu, 23 Oct 2014 08:11:48 +0000 live Vnukovo airport CEO, deputy quit http://www.upstreamonline.com/live/1381025/Vnukovo-airport-CEO-deputy-quit The chief executive and deputy head of the Russian airport where Total chief executive Christophe de Margerie was killed in a plane crash earlier this week have resigned. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1381025/Vnukovo-airport-CEO-deputy-quit Thu, 23 Oct 2014 07:59:06 +0000 live Chariot drops Namibia blocks http://www.upstreamonline.com/live/1381019/Chariot-drops-Namibia-blocks London-listed Chariot Oil & Gas intends to drop its 100% interest in Northern Blocks 1811A&B, off the coast of Namibia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381019/Chariot-drops-Namibia-blocks Thu, 23 Oct 2014 07:24:02 +0000 live Wartsila boosts order numbers http://www.upstreamonline.com/live/1381014/Wartsila-boosts-order-numbers Finland's Wartsila has increased its quarter-on-quarter order intake, as liquefied natural gas and liquefied petroleum gas carriers boosted the company’s marine sector. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381014/Wartsila-boosts-order-numbers Thu, 23 Oct 2014 07:22:20 +0000 live Profits plunge for PGS http://www.upstreamonline.com/live/1381018/Profits-plunge-for-PGS Petroleum Geo-Services (PGS) saw its profits slashed in the third quarter as it suffered from a weak seismic market and vessel impairments, while it also faces higher costs on a pair of newbuilds. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1381018/Profits-plunge-for-PGS Thu, 23 Oct 2014 07:12:24 +0000 live Tullow intersects in Kenya http://www.upstreamonline.com/live/1381017/Tullow-intersects-in-Kenya London-listed Tullow Oil has wrapped up a series of exploration and appraisal activities at its onshore blocks 10BB and 13T in Kenya, confirming the potential of the Kerio basin. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381017/Tullow-intersects-in-Kenya Thu, 23 Oct 2014 07:10:59 +0000 live GDF, BP find new North Sea field http://www.upstreamonline.com/live/1381015/GDF-BP-find-new-North-Sea-field GDF Suez E&P UK and BP have made a new oil and gas discovery in the UK central North Sea, delivering a welcome boost to the country’s flagging exploration scene. (Rob Watts) http://www.upstreamonline.com/live/1381015/GDF-BP-find-new-North-Sea-field Thu, 23 Oct 2014 06:37:21 +0000 live Oil Search nearing FID http://www.upstreamonline.com/live/1381013/Oil-Search-nearing-FID Papua New Guinea could see between two and three new liquefied natural gas trains built between 2019 and 2022, according to one of its largest reserves owners Oil Search. (Russell Searancke) http://www.upstreamonline.com/live/1381013/Oil-Search-nearing-FID Thu, 23 Oct 2014 05:26:28 +0000 live Nordic wins with Noble http://www.upstreamonline.com/live/1381011/Nordic-wins-with-Noble Singapore’s Nordic Maritime has secured a US$70 million charter with international oil company, Noble Energy. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381011/Nordic-wins-with-Noble Thu, 23 Oct 2014 04:20:39 +0000 live Weatherford post third quarter profit rise http://www.upstreamonline.com/live/1381009/Weatherford-post-third-quarter-profit-rise Service company Weatherford International posted a rise in profits during the third quarter as revenues rose 8%, compared to a year earlier. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381009/Weatherford-post-third-quarter-profit-rise Thu, 23 Oct 2014 04:17:04 +0000 live AusTex secures Snake River funding http://www.upstreamonline.com/live/1381007/AusTex-secures-Snake-River-funding US-focused AusTex Oil says it is now fully funded for the long-term development of its Snake River project in Northern Oklahoma after securing a $60 million term loan facility. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381007/AusTex-secures-Snake-River-funding Thu, 23 Oct 2014 01:41:30 +0000 live Oil Search to refocus in PNG http://www.upstreamonline.com/live/1381006/Oil-Search-to-refocus-in-PNG Australia’s Oil Search is set to make a number of changes to its business plan as the result of a six-month strategic review of the company. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1381006/Oil-Search-to-refocus-in-PNG Thu, 23 Oct 2014 00:42:34 +0000 live Santos in Cooper basin farm-in http://www.upstreamonline.com/live/1381005/Santos-in-Cooper-basin-farm-in Australian operator Santos has agreed a A$39.2 million (US$34.4 million) deal to gain a majority of New Standard Energy's stake in PEL 570, in South Australia's Cooper basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1381005/Santos-in-Cooper-basin-farm-in Thu, 23 Oct 2014 00:31:31 +0000 live Oil dives on US stocks build http://www.upstreamonline.com/live/1381002/Oil-dives-on-US-stocks-build Oil prices fell sharply on Wednesday, with US crude approaching $80 a barrel after data showed a second big jump in weekly US crude stockpiles. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1381002/Oil-dives-on-US-stocks-build Wed, 22 Oct 2014 22:44:22 +0000 live Pennsylvania fines midstream player http://www.upstreamonline.com/live/1380994/Pennsylvania-fines-midstream-player Pennsylvania regulators have fined midstream player Regency Marcellus Gas Gathering more than $300,000 for violations related to the construction of two natural gas pipelines in 2012 and 2013. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380994/Pennsylvania-fines-midstream-player Wed, 22 Oct 2014 20:23:10 +0000 live Chouest, Chevron sued in piracy case http://www.upstreamonline.com/live/1380995/Chouest-Chevron-sued-in-piracy-case A boat captain has sued US supermajor Chevron and US vessel company Edison Chouest Offshore (ECO) after being kidnapped in a pirate attack off Nigeria last year, saying the boat company lacked adequate security measures. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380995/Chouest-Chevron-sued-in-piracy-case Wed, 22 Oct 2014 20:14:57 +0000 live Restructured OGX 'could list in New York' http://www.upstreamonline.com/live/1380993/Restructured-OGX-could-list-in-New-York A new incarnation of bankrupt Brazil independent OGX is taking steps to list foreign shares on the New York stock exchange after the company emerges from a corporate overhaul, reports indicated. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380993/Restructured-OGX-could-list-in-New-York Wed, 22 Oct 2014 18:37:19 +0000 live Apache hit with $3m New Mexico fine http://www.upstreamonline.com/live/1380991/Apache-hit-with-3m-New-Mexico-fine New Mexico officials have forced Apache to pay more than $3 million after finding that the US independent underpaid royalties on production from projects the western Permian basin. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380991/Apache-hit-with-3m-New-Mexico-fine Wed, 22 Oct 2014 17:35:01 +0000 live Moody's cuts Petrobras rating http://www.upstreamonline.com/live/1380990/Moodys-cuts-Petrobras-rating Moody's has dropped its rating of Petrobras by another notch but has maintained the Brazilian state-led company's investment grade. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380990/Moodys-cuts-Petrobras-rating Wed, 22 Oct 2014 16:46:53 +0000 live Pemex calls off storm evacuations http://www.upstreamonline.com/live/1380983/Pemex-calls-off-storm-evacuations Pemex has called off storm evacuations of support personnel started Tuesday in the Bay of Campeche after a change in weather conditions. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380983/Pemex-calls-off-storm-evacuations Wed, 22 Oct 2014 16:23:00 +0000 live Rosneft ‘looks for more from wealth fund’ http://www.upstreamonline.com/live/1380980/Rosneft-‘looks-for-more-from-wealth-fund’ Rosneft is looking for more than $48 billion from Russia’s National Welfare Fund amid international sanctions against the company, according to a report. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380980/Rosneft-‘looks-for-more-from-wealth-fund’ Wed, 22 Oct 2014 15:58:19 +0000 live Europa gains Kiln Lane planning nod http://www.upstreamonline.com/live/1380968/Europa-gains-Kiln-Lane-planning-nod Europa Oil & Gas has gained approval from the local council for its next conventional exploration probe onshore England’s East Midlands. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380968/Europa-gains-Kiln-Lane-planning-nod Wed, 22 Oct 2014 15:42:46 +0000 live Norway tax puts Arctic finds 'on ice' http://www.upstreamonline.com/live/1380952/Norway-tax-puts-Arctic-finds-on-ice Norway’s fiscal regime for Arctic field projects compares unfavourably with that of other countries and tax incentives are needed to make oil and gas finds in the region commercially viable to develop, according to a leading research firm. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380952/Norway-tax-puts-Arctic-finds-on-ice Wed, 22 Oct 2014 14:17:30 +0000 live Russia calls for Ukraine gas cash http://www.upstreamonline.com/live/1380939/Russia-calls-for-Ukraine-gas-cash Russia and Ukraine have again failed to reach an accord to end their dispute over unpaid gas bills and pricing that has halted supplies, with a new meeting scheduled for next week to resolve the impasse, according to a report. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380939/Russia-calls-for-Ukraine-gas-cash Wed, 22 Oct 2014 11:51:53 +0000 live Total names CEO and chairman http://www.upstreamonline.com/live/1380931/Total-names-CEO-and-chairman Total's board of directors has named a new chief executive and new chairman in the wake of Monday's tragic death of former chief executive Christophe de Margerie. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380931/Total-names-CEO-and-chairman Wed, 22 Oct 2014 11:15:33 +0000 live Profits surge for Havila http://www.upstreamonline.com/live/1380926/Profits-surge-for-Havila Havila Shipping saw its third-quarter operating profit surge 44% on the previous year on stronger earnings for the Oslo-listed offshore vessel owner’s fleet of anchor-handlers. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380926/Profits-surge-for-Havila Wed, 22 Oct 2014 09:55:22 +0000 live Songa offloads rig liabilities http://www.upstreamonline.com/live/1380922/Songa-offloads-rig-liabilities Songa Offshore is cutting its financial liabilities on a loss-making rig sold earlier this year for which it has failed to find work after chartering it back from Singapore-based buyer Opus Offshore. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380922/Songa-offloads-rig-liabilities Wed, 22 Oct 2014 09:16:56 +0000 live BP awards dual Tangguh FEED studies http://www.upstreamonline.com/live/1380921/BP-awards-dual-Tangguh-FEED-studies British supermajor BP has awarded dual front-end engineering and design contracts for its $12 billion expansion of its Tangguh liquefied natural gas development in West Papua, Indonesia. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/1380921/BP-awards-dual-Tangguh-FEED-studies Wed, 22 Oct 2014 09:08:24 +0000 live HitecVision raises Rocksource stake http://www.upstreamonline.com/live/1380912/HitecVision-raises-Rocksource-stake HitecVision has bumped up its newly acquired stake in cash-strapped Norwegian explorer Rocksource after picking up additional shares under its offer launched this week. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380912/HitecVision-raises-Rocksource-stake Wed, 22 Oct 2014 08:24:34 +0000 live Shell confirms Gabon find http://www.upstreamonline.com/live/1380908/Shell-confirms-Gabon-find Shell has confirmed it made a "substantial" deep-water gas discovery at a frontier well off Gabon. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/1380908/Shell-confirms-Gabon-find Wed, 22 Oct 2014 08:11:19 +0000 live Norway 'licence to operate' for Fridman http://www.upstreamonline.com/live/1380906/Norway-licence-to-operate-for-Fridman Russian billionaire Mikhail Fridman’s outfit LetterOne reportedly has been given the official green light to act as an operator off Norway after its takeover of RWE Dea, which has a stake in the recent Alta discovery in the Barents Sea. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/1380906/Norway-licence-to-operate-for-Fridman Wed, 22 Oct 2014 07:36:24 +0000 live Thailand kicks off acreage auction http://www.upstreamonline.com/live/1380905/Thailand-kicks-off-acreage-auction Thailand plans to open a new round of auctioning for petroleum concessions on 29 onshore and offshore blocks as part of its attempt to secure the country's energy supplies, a senior ministry official said on Wednesday. (News Wires) http://www.upstreamonline.com/live/1380905/Thailand-kicks-off-acreage-auction Wed, 22 Oct 2014 07:03:13 +0000 live Amerisur, Talisman in Colombian JV http://www.upstreamonline.com/live/1380904/Amerisur-Talisman-in-Colombian-JV London-listed Amerisur Resources is closing in on a 50% stake in the Talisman Energy operated Put-30 exploration contract in Colombia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380904/Amerisur-Talisman-in-Colombian-JV Wed, 22 Oct 2014 06:59:47 +0000 live InterOil strikes in PNG http://www.upstreamonline.com/live/1380901/InterOil-strikes-in-PNG Canada’s InterOil has hit hydrocarbons at the Raptor-1 well in PPL475 as part of its US$300 million drilling programme in Papua New Guinea. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380901/InterOil-strikes-in-PNG Wed, 22 Oct 2014 05:46:14 +0000 live Brent sits near four-year low http://www.upstreamonline.com/live/1380899/Brent-sits-near-four-year-low Brent crude futures steadied above $86 per barrel on Wednesday, clinging to gains from the previous session as buyers gradually returned to a market hammered to four-year lows by abundant supply. (News Wires) http://www.upstreamonline.com/live/1380899/Brent-sits-near-four-year-low Wed, 22 Oct 2014 04:57:09 +0000 live Japanese oil demand falls http://www.upstreamonline.com/live/1380898/Japanese-oil-demand-falls Japan imported less crude during September but its thirst for liquefied natural gas rose compared to a year earlier, according to reports. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380898/Japanese-oil-demand-falls Wed, 22 Oct 2014 04:12:52 +0000 live Pryme targets Permian play with third well http://www.upstreamonline.com/live/1380896/Pryme-targets-Permian-play-with-third-well Australia-listed Pryme Energy has spudded the third well in its current drilling campaign on the Capitola oil project, onshore Texas. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380896/Pryme-targets-Permian-play-with-third-well Wed, 22 Oct 2014 02:36:39 +0000 live Bechtel starts Tilbury expansion http://www.upstreamonline.com/live/1380895/Bechtel-starts-Tilbury-expansion US construction player Bechtel has kicked off construction at the $400 million FortisBC-operated Tilbury liquefied natural gas facility in British Columbia. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380895/Bechtel-starts-Tilbury-expansion Wed, 22 Oct 2014 02:29:34 +0000 live Senex maintains guidance http://www.upstreamonline.com/live/1380893/Senex-maintains-guidance Australia's Senex Energy saw revenues rise during during the first quarter of the financial year on the back of increased production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380893/Senex-maintains-guidance Wed, 22 Oct 2014 01:39:09 +0000 live BHP boosting production http://www.upstreamonline.com/live/1380892/BHP-boosting-production Anglo-Australian mining giant BHP Billiton has achieved a 9% production increase over the quarter, due in large part to a 7% increase from the company’s petroleum business. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/1380892/BHP-boosting-production Wed, 22 Oct 2014 00:44:59 +0000 live Savanna lands Oz rig contracts http://www.upstreamonline.com/live/1380890/Savanna-lands-Oz-rig-contracts Canada's Savanna Energy Services has signed a contract which will see it provide four additional drilling rigs for an existing customer in the Australian state of Queensland. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/1380890/Savanna-lands-Oz-rig-contracts Wed, 22 Oct 2014 00:05:15 +0000 live BC introduces new LNG tax http://www.upstreamonline.com/live/1380889/BC-introduces-new-LNG-tax The British Columbia provincial government has introduced new tax legislation that would see proponents of liquefied natural gas export projects paying 1.5% in the first few years and rising to 5% by 2037. (Tonya Zelinsky) http://www.upstreamonline.com/live/1380889/BC-introduces-new-LNG-tax Tue, 21 Oct 2014 23:48:13 +0000 live Crude rises on strong China data http://www.upstreamonline.com/live/1380885/Crude-rises-on-strong-China-data Brent crude oil ended up almost 1% on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380885/Crude-rises-on-strong-China-data Tue, 21 Oct 2014 23:31:55 +0000 live Alaska awards pending Beaufort leases http://www.upstreamonline.com/live/1380884/Alaska-awards-pending-Beaufort-leases Alaska's Division of Oil & Gas has awarded two oil and gas leases in the Beaufort Sea that have been pending since 2011, following a thorough review of the western boundary of the Arctic National Wildlife Refuge (ANWR). Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380884/Alaska-awards-pending-Beaufort-leases Tue, 21 Oct 2014 23:25:27 +0000 live BOEM to edges towards Cook Inlet sale http://www.upstreamonline.com/live/1380883/BOEM-to-edges-towards-Cook-Inlet-sale US regulators said they will prepare an environmental impact statement (EIS) ahead of a possible oil and gas lease sale in Cook Inlet, off Alaska's south-central coast. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380883/BOEM-to-edges-towards-Cook-Inlet-sale Tue, 21 Oct 2014 22:55:27 +0000 live International results boost Nabors http://www.upstreamonline.com/live/1380880/International-results-boost-Nabors Drilling contractor Nabors Industries posted higher quarterly income thanks to improved results both in North America and internationally. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/1380880/International-results-boost-Nabors Tue, 21 Oct 2014 22:42:28 +0000 live Nelson Bunker Hunt dies at 88 http://www.upstreamonline.com/live/1380877/Nelson-Bunker-Hunt-dies-at-88 Legendary wildcatter Nelson Bunker Hunt has passed away in Dallas at the age of 88 after a long and colourful history of investment in oil and other businesses. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380877/Nelson-Bunker-Hunt-dies-at-88 Tue, 21 Oct 2014 22:33:47 +0000 live FMC boosts third-quarter results http://www.upstreamonline.com/live/1380876/FMC-boosts-third-quarter-results Service specialist FMC Technologies posted a 15% gain in third-quarter revenues as its business segments continued to thrive from subsea to surface operations. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/1380876/FMC-boosts-third-quarter-results Tue, 21 Oct 2014 21:53:16 +0000 live